Joe Doakes from Como Park emails:
Trump has only been President four weeks and already, inflation is out of control. Higher than it’s been during the entire last term of President Obama’s administration.
That . . . or the Obama administration faked the numbers and only now are the true numbers coming out. Nobody wants bad economic news; but I’d rather have real bad news than fake good news. But that’s not the real meaning of this story, here’s the deeper meaning:
The Federal Reserve during most of 2016 refrained from raising rates too quickly for fear of interrupting a fragile recovery but has taken a different view of the likely course of monetary policy in 2017, citing “uncertainty” as any expansionary fiscal policies from President Donald Trump have yet to take shape.
In other words, the Deep State and Quasi-Government wonks are Liberals who held down rates when they thought it would benefit Democrats in the election, but now intend to torpedo Trump any way they can. One of the easiest is to “discover” rampant inflation so they can jack up interest rates to fight the rampant inflation they’ve suddenly discovered.
Higher interest rates will panic consumers, kill housing, stifle growth, and mushroom debt service on The Light Bringer’s 20-Trillion Debt. Shifting dollars to debt service will kill the possibility of a realistic budget and doom The Wall.
Liberals and Never-Trumpers will then proclaim it’s all Trump’s fault, except for the parts that are Bush’s fault.
There’s a reason the Establishmet is, well, established.